Everyone has fears, and OPEC is no different. OPEC should be scared, real scared, of America's oil boom. In a previous article I pointed toward the Bakken and the Permian Basin about to bring online an additional 2 million barrels of crude oil output a day by 2025, which will probably be higher because that implies the Bakken hitting and plateauing at 1 million bpd, which in reality it will probably surpass.
Continental Resources has been able to drill deeper laterals to increase the amount of recoverable oil per well by around 40-60% in the Bakken. The Bakken and the Permian Basin has OPEC scared, but there are other plays out there that have OPEC tossing and turning at night...............................................Full Article: Source